Parcel Sorter Market Share, Key Players, and Revenue Projections by 2024
Get in-depth analysis of the Parcel Sorter Market, covering market share, key players, and growth projections by 2024.
The study of the global Parcel Sorter Market is presented in the report, which is a thoroughly researched presentation of the data. The analysis delves into some of the key facets of the global Parcel Sorter Market and shows how drivers like pricing, competition, market dynamics, regional growth, gross margin, and consumption will affect the market’s performance. A thorough analysis of the competitive landscape and in-depth company profiles of the top players in the Parcel Sorter Market are included in the study. It provides a summary of precise market data, including production, revenue, market value, volume, market share, and growth rate.
The best investment markers are insights into the most prominent market trends, which help potential participants make decisions even easier. The research aims to discover the numerous growth chances that readers may take into consideration and take advantage of using all the necessary information. The market growth over the coming years can be predicted with greater accuracy by carefully examining the important growth-influencing aspects including pricing, production, profit margins, and value chain analyses.
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Market Summary:
The global parcel sorter market size was valued at USD 3.00 billion in 2021 and is projected to grow from USD 3.30 billion in 2022 to USD 6.70 billion by 2029, exhibiting a CAGR of 10.6% during the forecast period. The Asia-Pacific dominated the parcel sorter market with a share of 40.66% in 2021.
The Parcel Sorter Market has grown significantly due to factors such as increased product demand, an expanding client base, and technological advancements. This report provides a comprehensive overview of the industry, covering market size, trends, key drivers and challenges, competition dynamics, and potential growth opportunities. Recent Industry Developments:
- Korber AG acquired Siemens Logistics, a subsidiary of Siemens AG. Siemens Logistics deals in the global mail and parcel business. The acquisition was done for approximately USD 569 million.
- Interroll Group launched a new split tray sorter named MT015S. It is an automated sortation system, which is suitable for various industry verticals such as logistics, e-commerce, and pharmaceuticals. It has a weighing capacity of 12 kg.
- Beumer Group launched BG sorter Compact CB, a new compact cross belt sorter. It has a range of features such as flexibility, robust nature, easy integration, and energy efficiency.
- Neetwk GmbH launched a new Optisorter Vertical Packet and parcel sorting system. It has features such as high performance system, space efficiency, easy operation, and smooth sorting system. The product was developed for industries such as logistics, e-commerce, and warehouse.
- Daifuku Co Ltd signed an agreement with AFT Industries AG. Based in Germany, the company deals in the manufacturing and distribution of material handling systems and parcel sortation systems. The agreement was aimed at using parcel sortation systems for the automotive industry.
Key Players:
- Koerber AG (U.S.)
- Beumer Group (Germany)
- Pitney Bowes Inc (U.S.)
- Vanderlande Industries B.V. (Netherlands)
- Dematic (Kion Group AG) (Netherlands)
- Honeywell International Inc (U.S.)
- Interroll Group (Switzerland)
- Intralox (Netherlands)
- Fives Group (France)
- National Presort Inc (U.S.)
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Market Overview:
- Current Market Trends: Analysis of the latest developments shaping the market landscape.
- Segmentation Analysis: Breakdown of the market by key segments and regional dynamics.
- Pricing Strategy Evaluation: In-depth examination of pricing trends within the industry.
- COVID-19 Impact Assessment: Exploration of how the pandemic has affected market behaviors and trends.
- Market Projections: Forecasting future market growth and potential shifts.
Key Report Highlights:
- Insight into the primary growth drivers and challenges facing the market.
- An extensive review of regional advancements and their implications.
- A compilation of leading industry players and their market positions.
- Strategies employed by significant market participants.
- Updates on recent industry movements, including product launches and mergers.
- Analysis of factors that may restrict growth and the regional market presence affecting trends beyond 2032.
This market research report is meticulously crafted to deliver a thorough understanding of the industry’s trajectory, equipping businesses with the insights necessary for strategic decision-making. The Parcel Sorter Market Report spans over 130+ pages and includes a detailed table of contents featuring figures, tables, graphs, and comprehensive analysis.
Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Key Insights
- Industry Developments (Mergers, Acquisitions, Partnerships)
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Innovations
- Value Chain Analysis
- TOC Continued…
This study presents a detailed view of the market landscape, categorized by sub-regions and countries. It identifies potential profit avenues, alongside market share and growth forecasts for each geographical area.
Segmentation of this report:
Parcel Sorter Market Size, Share & COVID-19 Impact Analysis, By Type (Cross Belt Sorter, Shoe Sorter, Till Tray Sorter, Pusher Sorter, and Others), By Direction (Linear Parcel Sortation System and Loop Parcel Sorting System), By End-user (Logistics, E-Commerce, Pharmaceutical & Medical Supply, Airports, Food & Beverages, and Others), and Regional Forecast, 2022-2029
Parcel Sorter Market Drivers & Restrains:
- Drivers:
- Growth in E-Commerce: The increasing volume of online shopping and e-commerce transactions drives demand for efficient parcel sorting systems to handle high order volumes.
- Technological Advancements: Innovations in sorting technology, such as automated sorting systems, AI integration, and advanced sensors, enhance the efficiency and accuracy of parcel sorting.
- Need for Operational Efficiency: Companies seek to improve operational efficiency and reduce processing time, leading to increased adoption of advanced parcel sorter systems.
- Expansion of Logistics and Supply Chain Networks: The growth of logistics and supply chain networks necessitates sophisticated parcel sorting solutions to manage and streamline parcel distribution.
- Focus on Reducing Labor Costs: Automated parcel sorters help reduce labor costs and human errors by automating repetitive sorting tasks, driving market growth.
- Restraints:
- High Initial Investment: The substantial upfront cost of purchasing and installing advanced parcel sorter systems can be a barrier for smaller companies and startups.
- Maintenance and Operational Costs: Ongoing maintenance and operational costs, including the need for regular servicing and potential repairs, can impact the total cost of ownership.
- Complex Integration with Existing Systems: Integrating new parcel sorters with existing logistics and IT systems can be complex and may require significant adjustments and customization.
- Space Requirements: Advanced parcel sorting systems often require significant space and infrastructure, which can be a constraint for companies with limited facility space.
- Technological Obsolescence: Rapid advancements in technology may lead to faster obsolescence of existing systems, necessitating frequent upgrades or replacements to stay competitive.
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